Heatshrink Solutions Limited

Heatshrink Solutions Ltd, based in Totnes, UK, is a small, family-run business with an active status, having been established 22 years ago. The company employs just three people and holds assets valued at £482,280. With three directors and two owners – Hill Stephen James and Hill Nancy Margaret – it's a tight-knit operation with a real registered address. Heatshrink Solutions regularly imports electrical machinery and equipment, with 43 months of import activity recorded, the last in January 2025. Export activity is less frequent, with just two months of activity, the last in December 2018.

The company operates in the agents specialized in the sale of other particular products, the wholesale of electronic and telecommunications equipment and parts industries. It's website is non-existent, which suggests a business primarily operating through trade channels rather than direct sales.

Financially, Heatshrink Solutions Ltd presents a mixed picture. Current assets have increased by 9.8% to £480,000, while net assets have grown by 13% to £370,000. Cash reserves have seen a healthy increase of 22%, reaching £290,000. However, bank borrowings have also increased, and creditors remain relatively stable. The company meets two of three conditions for being considered small (turnover under £10.2 million, assets under £5.1 million, fewer than 50 employees). The lack of an auditor mentioned is likely due to its small size and exemption from an audit.

Despite the positive trends in assets and cash, a notable decrease in other inventories by 6.8% to £130,000 and a significant drop in trade creditors by 97% to just £220, should be investigated further. The company’s reliance on trade debtors, which remains stable at £56,000, may also indicate a need for improved credit management. The company’s financial statements are unaudited, and the information provided is based on director-reported data.

Registered in England/Wales under the registration number 04728582, with a registered address at TQ9 7NU, Totnes, Sunflower House, Diptford.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.